The clock is ticking on tax rules that may change on January 1, 2013 and could impact the way parents contribute to a college education.» Read More
Corinthian Colleges Inc is the first university operator in the United States to feel the force of a government crackdown on the $28 billion for-profit education sector. As part of an agreement with the Department of Education- the same deal to which Wickiser's login page made reference- Corinthian has six months to sell most of its campuses or close them down.
July 4- Corinthian Colleges Inc said late on Thursday that it had reached a deal with the U.S. Department of Education to sell most of its 107 campuses and wind down others, underscoring some of the struggles facing for-profit colleges across the country. Last month the company said it was receiving $16 million in federal aid from the Department of Education.
June 23- Corinthian Colleges Inc said it would receive $16 million in federal aid from the U.S. Department of Education that would prevent the for-profit education provider from a cash shortfall.
*Department of Education raises financial oversight. June 19- For-profit education provider Corinthian Colleges Inc said Its ability to continue as a going concern was in jeopardy after the U.S. Department of Education extended the waiting period to draw down federal student aid funds.
May 22- ITT Educational Services Inc, a for-profit college operator, withdrew its full-year forecast and warned of a fall in new enrollment after rising for three straight quarters, adding to the uncertainty surrounding the sector.
DeVry Inc. was one of the day's biggest gainers, rising $1.11, or 4.9 percent, to $23.87, after peaking at $25.02 earlier in the day.
NEW YORK, Oct 1- Small cap stocks rallied on Monday as a surprise expansion in the U.S. manufacturing sector quieted concerns about economic growth at a time when central banks are seen continuing to support markets. The ISM number suggests that things are not that bad, "said Adam Sarhan, chief executive officer at Sarhan Capital in New York."
Cramer makes the call on viewers' favorite stocks.
If the U.S. debt limit is not increased by Congress, the troubled for-profit education industry would be among the first to take a hit.
Here's why you should keep a close eye on these six stocks.
For-profit schools are back in focus today after the Education Department’s release of 2008 three-year student default rates.
Stocks ended mixed, but off the lows of the session, amid rekindled European debt worries and as investors awaited the start of the earnings season.
Stocks pared some of their earlier losses as tech stocks gained, but remained under pressure for a third straight session Monday amid rekindled European worries and as investors awaited the start of the earnings season. AT&T and DuPont fell, while BofA rose.
What follows is a look at stocks in the S&P 500 displaying unusual volume in today's trading session.
Stocks fell as investors awaited the start of the earnings season and shrugged off a spate of mergers and acquisitions activity. DuPont and Microsoft fell fell, while GE rose.
Strayer Education and other for-profit education companies are taking a big hit on Monday. On late Friday, after the market’s close, Strayer had announced worse-than-expected enrollment results.
The Education Department is trying to crack down on high dropout and default rates at for-profit colleges and universities..
Once the darlings of Wall Street, for-profit education companies have seen their market value plunge to the lowest level in 52 weeks, leaving investors to wonder if the industry would be able to survive in its current form. An index of nine for-profit education companies, the S&P 1500 Education Services Index is down nearly 30 percent for the year.
If you're an investor in for-profit schools, note this heads-up: Profit margins are likely headed down—and not by a small amount.
With the highly anticipated Federal Reserve policy meeting a day after the election on Wednesday, a steady stream of quarterly results and the nonfarm payrolls number later in the week, investors will have an overload of information to digest. ...A report from TheStreet.